The safeguarding of cryptocurrencies by custodian banks is the only way institutional investors can begin their journey with the much-hyped digital assets. So will traditional custodians step up to the plate, and could they partner with crypto trading venues? Jonathan Watkins investigates.
Northern Trust is currently providing accounting services for select clients that have a small portion of their assets in cryptocurrencies.
Crypto fund-only fund administrator launches with $700 million in cryptocurrency assets under administration from around the world.
Trident Trust and Theorem Fund Services have gone live on the crypto back-office platform, with Apex Fund Services and North Street Global among those onboarding clients.
Sam McIngvale, product lead at Coinbase Custody, talks to The TRADE Crypto about what the company is doing as institutional investors are on the brink of moving their money into the space.
Custody offerings have been highlighted alongside regulation as the missing piece of the crypto puzzle for institutional investors looking to invest.
Nasdaq, Euro CCP, Euroclear and ABN AMRO Clearing use blockchain for collateral processes in ‘breakthrough for CCP model’.
Institutional investors have held back from large-scale investing in cryptocurrencies due to lack of certainty around storage and security of digital assets.
Deutsche Bank survey reveals 75% expect widespread adoption of blockchain within the next three to six years.